Quantcast

Spirit Airlines receives first Airbus A321neo amid financial restructuring

GLOBAL INDUSTRY NEWS
Engine maker agrees to compensate WizzAir for grounded planes
Turkish Airlines’ flights are riddled with bedbugs, passengers say
British Airways frequent flyers react to Executive Club changes
Inside the short-lived, men-only flights where kids and women were banned but cigar and pipe smoking were rife
China steps up drive to break Boeing, Airbus grip on plane market
Heathrow’s New York service clings to spot in top aviation routes
Airline praises pilots in crash-landing where both died but nearly half the passengers survived
Mexico state airline to buy five Embraer planes next year
A record number of people are expected to fly over the holidays. That's good for travel stocks, but not for passengers.
American Airlines technical issue sparks travel chaos on Christmas Eve as flights heavily delayed after being grounded
Why United Airlines has had such a stellar year despite being Boeing's biggest customer
JetBlue nixing routes between multiple major cities, reducing several others
Airline Stocks Led The Travel Industry's Record 2024 Rally. Here's What's Next.
It’s beginning to look like another record for holiday travel
Qatar Airways cleans up at the World Travel Awards
All of the strikes at European airports this winter – find out if you are affected
Meet the CEO trying to turn around Air India, the 92-year-old airline with a pile of problems
Skiplagging: Unpacking the Risky Travel Trend That Involves Tricking Airlines
Qantas engineers walk off job on one of the busiest travel days of the year
South Korea to safeguard competition after Korean Air, Asiana merger
China Southern returns to Adelaide
Global Airline Industry Revenues Forecast To Top $1 Trillion For First Time In 2025
EasyJet to launch six new routes from the UK next year with £24 flights
Here's Why Analysts Say It's a Good Time to Buy Airline Stocks
A No-Frills Airline Is Getting Into the Premium Game
TAKING OFF: Major airline introduces new inflight service rules with less time to order your drinks
2 Delta flight attendants fail breathalyzer test before flight to JFK
EasyJet reveals plans for new flights from regional UK airport next summer
Airlines not switching quickly enough to green jet fuel, study says
Alaska Airlines tech issue briefly grounds planes in Seattle, disrupts bookings on Cyber Monday
Global Industry News
Spirit Airlines receives first Airbus A321neo amid financial restructuring
Policy
Webp 9d8e4n9zvnq6npvse1f7c4oouh5n
Airbus A380 | Airbus

Spirit Airlines has received its first Airbus A321neo aircraft as part of a sale-and-leaseback (SLB) transaction approved by the bankruptcy court managing the airline's Chapter 11 case. The delivery took place on December 21, with the aircraft traveling from Hamburg Finkenwerder Airport to Keflavik International Airport before reaching Detroit Metropolitan Wayne County Airport.

This addition marks Spirit Airlines' 28th A321neo, joining its fleet of 91 smaller A320neo aircraft. However, approximately 25.2% of these planes are currently inactive due to engine issues. Spirit Airlines' Q3 report highlighted compensation arrangements with International Aero Engines and Pratt & Whitney for grounded aircraft until December 31, 2024.

"The temporary removal of engines from service is expected to continue through at least 2026," according to the company. As of September 30, Spirit had recognized $104.7 million in credits related to these groundings.

Get the Newsletter
Sign-up to receive weekly round up of news from Sky Industry News
Subscribe
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

The SLB transaction was sanctioned by the United States Bankruptcy Court for the Southern District of New York on December 18. "Each and every federal, state and local governmental agency or department shall be, and hereby is, directed to accept any and all documents and instruments necessary and appropriate to consummate the Aircraft [SLB] Transactions contemplated hereby,” stated the court order.

Spirit Airlines plans to receive three more A321neos between February and April 2025 under this arrangement with JSA International. These will be sold immediately after delivery but leased back long-term.

In addition to acquiring new aircraft, Spirit will reduce capacity in 2025 following court approval for selling its older A320ceo and A321ceo models to GA Telesis. By March next year, Spirit anticipates operating fewer weekly flights compared to previous years.

Organizations Included in this History
Simple Flying
More News

British Airways partners with Birchall to serve award-winning tea onboard

British Airways has announced a new partnership with Birchall to serve its award-winning tea on flights starting May 1st.

Apr 26, 2025

Air Canada ordered to pay over $10 million in ticket overcharge case

Air Canada has been directed by the Quebec Court of Appeal to pay over $10 million in damages following a class-action lawsuit.

Apr 26, 2025

Southwest Airlines faces $149 million net loss in Q1 2025

Southwest Airlines has reported a net loss of $149 million for the first quarter of 2025.

Apr 26, 2025

Russia seeks Boeing jets in Ukraine ceasefire negotiations

Russia has reportedly expressed interest in acquiring Boeing aircraft from the United States as part of a ceasefire negotiation with Ukraine.

Apr 26, 2025

Embraer reveals record $26.4 billion backlog ending Q1 2025

Embraer has revealed its first-quarter 2025 backlog, reporting a record high of $26.4 billion.

Apr 26, 2025

Air Line Pilots Association launches global campaign to oppose single-pilot operations

The Air Line Pilots Association (ALPA) has announced the launch of a global campaign titled "Safety Starts with Two" to oppose reduced-crew operations and advocate for maintaining two pilots on the flight deck at all times.

Apr 25, 2025

Aviation Comments
Loading...

No comments available.

Trending
1

Oman Air to increase flights to Heathrow, plans double daily service next summer